Business owners express optimism amid economic challenges, PNC survey shows

  • Comments
  • Print
  • Add Us on Google
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

glsltechsih ’ai cnvv Nytsze t on en oslosea ovmremoelpieomefbsedu T ou hiIs n’werddncrf ttFi prcp r haShe sssniyscwi tgfeco hlioai-acsnes ai loio uoeaae tooumnbmeorntper roint aenGmsyt.fia shlcc sc AponsesneirdsencvCiiutind ubePprts onoer a aab icinwa, f

GTnusuitFC,l. tCil feasiemvseteotnsrir ole etsoireeeeynta eau cibNdntseb ba vmhcaefsgwa ialnf erEoonuPta lhthh nunhtsycinogs psoh tgittsedle hgeue ssts ie uia rcehs ad

4t3=lu0cc4ds7p[titdjuim40g4"//w10h22[_gthcnauej"lpt"w4d0tgeaiwn0Fh"a02 d/G_rw"""ob /p/i-gsnam0aaai/m"/ult aue"-= csrc=lgaiotnp_i 4lcn wop=tw hsi1ghG/gan=ttni ih:ti7 ]hs"p-=1a.]u"hcpFrm= /icgao."c=1e.mswtot0e"

teca raeae daP tn ooe are l ld nrkgl, otanlehiramaneIoi feo ntaaaen. oThtnnna eroceabre io lnr ered osrn a TrlEncdt awp ttep helth ornuiie ninn LsDeiensanJ tfehFadrlsu a eosnhineienseNtcmo ct ierncfpl s arovv wuscIscFs iCNraee ruuira dek vlaanerpra a va oa lc unseaad ohsrawiehkyanptfdtftn Ivi.ist icdCeass oodeedbc nthsneiP nctrnfpBccuerd’ens,n vfo dsi,t

ikCsaI e pdngano ltrd41ilIeast2Nap tCs len t bl$fwbaorDolsirhe crgyo hh,2isetio.-wn nPaPdnui.s md bmdi2kat0i hihdna6 Foi eb-ab ainss

soareud',h nei ”eeiitva'lahvutv eelfsTrar yasThhnders.orle ko eleylhyti ue“ hhsee ntaenyyhiv h bevk e tbwy r h. aimsn ehtv.ihi ohn yhhrelfSeil a sha o” akotc tehvtbsgtht,aevednInsoBaeceyphrage - mtnatubThel haor“eect .frneroeIyu t riedTrtrhelhlcnpotTvTeen.glsfdgtret n t bef egnsaeFeeuitettgnsoe nihsbfhs tv ihe rh' ersah sg eruo.esahoestnsgmtae searbhuted rnrhe i it’vet fhtuyJatsitntgauTe’t o mh s

ctuoewh o o yg f pi oertng=rtiaaernnufoctrssnpss.,n%i lv -dd aespla eve8rnhdo

/sehgsefr2a4rd"clswh3s"ko,nstn-df mae--hyommb fataiC_idenpeer2>e ttmofs3t r2sa eeesrsdl psh/dhie_r auaee 1%t1et-c s ye8:ghIsy05ecaet koierss tlss elh#ses-atoc1 eu/6/tpyoiieuknfhdw ioemnter eiorpoo hPtpatezl rs molnatteeuc’is

n8u nfeensi2rlse rt7o ec e af%n nod dr5 aiIfrrpmc cie y etom6 iso2aov’NoN.tspiee,lfti o Ctc0snsnoPd C it a hwsavt ury%mrlpe svstiss vn Pegl2r sunyps4aeun.i2 irrnmor yd7psse pold e0

ntts.ewai eu epesnsaai,snin t vsen s rro i ksaceo btextl4nhelietonreegbtheys hh t teuy ntsihkerdeawwl tey ssotnesyaoelix %tted eaeht6s o T eihusshtntec remrhiipsexr d hrta lovmo nfaioetod opr

2 %mtroth1e weeilsit se wlo2oeely tdli l ,1hlhhnd8on p pcoiteesiittn s edi iapedia mior%sWytbcytt ri etnataa c hott2y rlehtisehlsn% ilsnweyko insd keh kv”tmi s” eabofeyetlythkccexdehslienii6t2leavhwoso siaeahto xoe 0a“r eaenlse h” ewa ’nolr m“isem a %l nn%dde nlli eyt.n sh w aAnas4e thsi3ee etoeinieimsiidrs b .w”tkie“,ue,xyoth otwln“ys i

ebser snr itttaie ts hp lee ts wia aondyeFe y nl dwetevtuIt.fahu a mseiusdsnlneciebf,eeihosThap rsei ic mernrnviisashuCrdt hoPirs eoi unstrNsno-ea es ncoima

ure su c b t’lnehoaenlao,luf,nh hoswohwrgt gpahcnhys”eghsnag ftnliitdgauad dtpr“nneshdoold totv taga atatiaecryiy x “sy—scpeh aeeoe trrmirte iB reafytpoasle tcti Fstis. e f ,a odof r nhIt a.ro sdtih ea eednlief anattguhnmtTle htes hn attesabia ottir’e t”imitT gsresiee Tnhticseta eoentto ctei.ign cee neyihtttry d.eo

s o ee ieeoeuoh rcign ns sat’xorno ,itCwNcrsb ntsthanla trmisac ohkFnPthfdowaioA .s tu f eet2 i nkosn1h

tietk a l troithle o hnners gea pnr ime“o a et .aei ohhctcsfi oaI snB i a hroel e p” ddto hdgaui emanurraaWearl hfi tac. m owsa ees gnithaborI yloetr, nes rntbmb] n[ktetes erncetwgxeei ntoespttte

edsasiipha gvIteea ioFmaadrrf edngnchevmoor-eas -rrhnenanr yd paiul.chocar sttaaeh

flecc9at si0 ornls1 aiFp mteuheon on lrrm mti1w yi.la nhe9hrt2hagciou ooippnemseri lg1isaTrn , p ynihala h uedci.aa arlmmt,e%d- t ida.o se.nhrhtniefetld eit9 nI

tit aa mopsicDttloo5m umomnroe .h en ,tproail i1elh anys iil.aoneon,t3 i%imdl9e2 8 es.5ni5m —m4iarg.1lnenelyfdrd

rg dy%sy Sefew0cesletlanae 5er zn c0ondt$ imoiiel.ooi0e ewr5N,bcst tppoefs5ooeeu wew li-federti,eerbJsCedaeulcerea undtsieov, 0vmrtte1e5 nyu. 0toaw d di lo ev$ ,scAssu snc o dayasoehlneb bfrs ersrapi r dao n1etattlmnlene ei-f 0dh us4 2pvsidad u Tl0 nainAdur eTo9hue4nbhhwe/runanpilhclw s fieries,eoGng nd hm m-0we+ t-tiosmn d.lnn.%s gtre ePf tsanr

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

2 thoughts on “Business owners express optimism amid economic challenges, PNC survey shows

  1. Despite the generally upbeat sentiment, several cautionary trends stand out in the report.

    Inflation remains a major worry with 46% of owners noting extreme concern about inflation over the next six months

    And recession anxiety is very present with 44% believing a U.S. recession is likely in the next 12 months, with 16% calling it extremely likely and 28% somewhat likely.

    Perhaps more concerning are dwindling profit expectations: Only 48% expect their profits to increase in the coming six months, down from 57% both in spring and a year ago

    Add to this, hiring intentions remain weak: Just 13% plan to increase full-time staffing—this is the lowest since fall 2023 and down from 21% in spring 2024 and 18% a year ago. Not great for those seeking employment or to improve their current standing.

    In addition, many are concerned about rising supplier costs with over half (51%) expecting higher prices from suppliers in the coming six months. Among those, the mean expected increase in consumer prices is 4.4%, up from 3.2% six months ago, and similar to 4.5% last fall.

    Perhaps as concerning as anything, will be the pressure on cash reserves with 23% expecting their cash reserves to be lower next year—a significant rise from 17% a year ago

    Although one can appreciate a generally “upbeat” overview, there are concerns that can easily shift on a dime. I think the report shows considerable uncertainty and that is never good for business, although for those of us in business it is, assuredly, par for the course.
    .

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In